Over 1.3 Crore Persons Insured through GeM in FY 2024-25

Government e Marketplace (GeM), an e-marketplace for public procurement, sets yet another milestone in services delivery in the FY 24-25. Apart from facilitating hiring of 1 million manpower resources in FY 24-25, GeM has successfully facilitated insurance of more than 1.3 crore individuals covering Health, Life and Personal Accident Insurance policies

Insurance Services category

• The Insurance Services category was introduced on GeM in January 2022 to bring greater efficiency, transparency and cost-effectiveness in procuring insurance policies.

• A key advantage of GeM’s insurance services is that it facilitates direct transactions between government buyers and insurance providers without intermediaries.

About Government e-Marketplace (GeM)

• Launched: August 9, 2016
• Administered by: Department of Commerce, Ministry of Commerce & Industry
• Entity Type: Section 8 Company
• Purpose: To create a transparent, efficient, and inclusive procurement platform for government bodies.

Strategic Initiatives Driving Impact:

Initiative	Focus Area
SWAYATT	Promotes inclusion of Startups, Women, and Youth in public procurement
Startup Runway 2.0	Empowers Startups to showcase and sell to government entities
Womaniya	Boosts participation of women entrepreneurs

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GeM’s Impact:

• Promotes transparency and cost-effectiveness in public procurement
• Encourages ease of doing business
• Supports MSMEs, Startups, and women-led enterprises
• Facilitates inclusive economic growth and social equity